India's Industrial Growth Slower Than Expected

Production Grew in July, But Weakly

India on Friday reported that industrial production grew at the weakest pace in four months in July, tempering optimism about an economic recovery.

Industrial output, hurt by a contraction in manufacturing, rose 0.5% from a year earlier, weaker than the 3.9% expansion in June, government data showed. The reading fell significantly short of economists' expectation of a 2% increase.